Market Intelligence Report — IL-837

Ottawa, IL

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-IL-09
As of the latest 2026 data
Stabilizing

Median Listing

$227K
+13.5% YoY

Pending Ratio

0.59
+4.3% YoY

Active Inventory

355
+19.5% YoY

Median DOM

56 Days
+9.9% YoY

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The Ottawa, IL market is currently assessed as Stabilizing, with a pending ratio of 0.59 indicating a balanced demand absorption against available inventory. Despite a 13.5% year-over-year increase in the median listing price, the market exhibits characteristics of a more measured pace.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Ottawa market right now.

Active listings have seen a notable increase of 19.5% over the past year, contributing to a more ample supply environment, while new listings grew at a more moderate 5.7% year-over-year. The pending ratio experienced a 4.3% year-over-year rise, suggesting slightly stronger demand absorption compared to the prior period. Median days on market extended by 9.9% over the past year, aligning with a more moderate market pace.

Historical Analysis

Market Trends

Median Price

$227K+0.9% MoM

Active Inventory

355+19.5% YoY

Days on Market

56+9.9% YoY

Sold Score™

67+4.3% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

67
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio of 0.59, inventory levels suggest a more even distribution of negotiating leverage. The rise in active listings indicates less immediate pressure for demand absorption, allowing for more considered transactions. This dynamic implies a market where price discipline remains important for successful transactions.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

355 active listings represent the current floor, with new supply arriving at roughly 148 per month.

Pricing Pressure
16.8%

of active listings carry a price reduction, -0.3% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +10.2% year-over-year.

Absorption
0.59

Pending-to-active ratio — Stabilizing.

Recommended For This Market

Stabilizing

Selling in Ottawa, IL? Homes here are taking 5 days longer to sell than last year.

Ottawa, IL is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.

Buyer Demand Index
59%
Median Days on Market
56 days
Inventory YoY
+20%

Ottawa, IL is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.

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Metro Demographics

Metro Area
Ottawa, IL
CBSA Code
36837
State
IL

ZIPs in Ottawa, IL

Sorted by active inventory · click a ZIP for its full report